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☆ AirAsia CEO Tony Fernandes criticized for LinkedIn post showing topless massage during meeting
▼ + stars: | 2023-10-18 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The head of low-cost airline AirAsia has deleted a social media post apparently showing him taking a business meeting while topless and receiving a massage after it sparked heavy criticism. Tony Fernandes wrote in a LinkedIn post accompanying the picture on Monday: "Got to love Indonesia and AirAsia culture that I Can [sic] have a massage and do a management meeting." Social media users were quick to criticize the post, with many saying it would make employees uncomfortable and was highly inapproriate. He is a frequest social media user and, since the furor, has posted twice more on LinkedIn, while not referencing the massage post. And you know who your friends and supporters are and who would be the first to throw the stone," he wrote in a LinkedIn post Wednesday.

Persons: Tony Fernandes, Fernandes Organizations: AirAsia, Twitter, Berhad, Malaysian, Queens Park Rangers Football Club, Caterham, One, LinkedIn, CNBC Locations: Indonesia, Malaysia

☆ Southeast Asia looks to renewable power for energy security
▼ + stars: | 2023-10-17 | by ( Audrey Wan | ) www.cnbc.com time to read: +4 min

As energy demand grows, the region is turning to renewable energy to safeguard its energy security. Most, if not all, Southeast Asian markets have taken strides to announce renewable energy targets and formulate their low-carbon energy transition plans, said Thoo. Other planned developments include an integrated renewable energy zone, five centralized large-scale solar parks and three green hydrogen production plants. These projects will leverage Malaysia's estimated 290 gigawatts of technical renewable energy potential to create a more resilient, low-carbon power system, said the ministry. Renewable energy sources such as wind and solar are projected to account for at least 31% of national energy needs by 2030, the government said, according to Reuters.

Persons: EDPR, Bryan van der Beek, Zulfikar Yurnaidi, David Thoo, Zulfikar Organizations: EDPR Sunseap, Energias de Portugal SA, Bloomberg, Getty, Energy, International Energy Agency, ASEAN Center for Energy, BMI Fitch Solutions, Zulfikar Yurnaidi ASEAN Center for Energy, Indonesia Malaysia Malaysia, Ministry, Reuters Locations: Energias, Woodlands, Singapore, Asia, Southeast Asia, Ukraine, Israel, Europe, Malaysia, Indonesia, Vietnam

☆ Climate activist Greta Thunberg arrested at London protest after disrupting major oil conference
▼ + stars: | 2023-10-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Henry Nicholls | Afp | Getty ImagesLONDON — Swedish climate activist Greta Thunberg on Tuesday was detained by police after joining hundreds of protesters to disrupt a major energy conference in London. Thunberg was arrested outside the InterContinental London Park Lane hotel during the "Oily Money Out" protest organized by Fossil Free London and Greenpeace. Their only plan is to profit at our expense," Nuri Syed Corser, an organizer with Fossil Free London, said in a statement. Fossil Free London said 27 people have been arrested so far and protests would continue outside the conference through to Thursday. Climate activists protest outside the InterContinental London Park Lane during the "Oily Money Out" demonstration organised by Fossil Free London on the sidelines of the opening day of the Energy Intelligence Forum 2023 in London on October 17, 2023.

Persons: Greta Thunberg, Henry Nicholls, Thunberg, Nuri Syed Corser, Corser, Vicki Hollub, Amin Nasser, Wael Sawan, We've, Tengku Muhammad Taufik, I'm, Taufik Organizations: InterContinental, Fossil Free, Greenpeace, Energy Intelligence, Afp, Getty, LONDON, Lane, Government, Energy Intelligence Forum, Money, Occidental Petroleum, Shell, The Met Police, Amnesty, Petronas, CNBC, Fossil Locations: Swedish, Fossil Free London, London, Saudi Aramco, Abu Dhabi

☆ Explainer: Goldman Sachs and its role in the multi-billion dollar 1MDB scandal
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +5 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. 1MDB was a sovereign fund set up in 2009 with the help of Malaysian financier Jho Low to promote economic development. The United States has said the 1MDB case was its largest ever kleptocracy investigation. Low, a fugitive, has been charged in Malaysia and the United States over his central role in the case. Goldman has been investigated by regulators in at least 14 countries for its role in underwriting the 1MDB bond issues.

Persons: Goldman Sachs, Andrew Kelly, Najib Razak, Goldman, 1MDB, Jho Low, Najib, Low, GOLDMAN, Tim Leissner, Roger Ng, Goldman's, Anwar Ibrahim, Simon Cameron, Moore Organizations: New York Stock Exchange, REUTERS, Goldman Sachs, Malaysia, Malaysian, 1Malaysia, U.S . Department of Justice, The United, DoJ, United Malays National Organisation, GOLDMAN, London Court, Thomson Locations: New York City , New York, U.S, KUALA LUMPUR, The United States, Malaysia, United States, China, Beijing, MALAYSIA, Malaysian

☆ Indonesia wants to co-host 2034 World Cup with Australia, Malaysia, Singapore
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +3 min

"We are discussing (a bid) with Australia," PSSI President Erick Thohir was quoted as saying by the Sydney Morning Herald. When asked for comment on a possible joint bid, Football Australia referred Reuters to a statement last week that said it was "exploring the possibility of bidding for the 2029 FIFA Club World Cup and/or the FIFA World Cup 2034". The PSSI, Football Association of Malaysia and Football Association of Singapore have not responded to a Reuters request for comment. The 2026 World Cup, which will feature 48 teams, will be hosted by the United States, Canada and Mexico. "The potential to win if we join with Australia, Malaysia and Singapore is bigger too."

Persons: Erick Thohir, Akmal, Michael Church, Peter Rutherford Organizations: FIFA, Sydney Morning Herald, Football Australia, Reuters, Asian Football Confederation, Football Association of Malaysia and Football Association of Singapore, Qatar, Indonesian, Soccer, Herald, Thomson Locations: Indonesia, Australia, Malaysia, Singapore, Asia, Oceania, Spain, Morocco, Portugal, Uruguay, Paraguay, Argentina, Saudi Arabia, United States, Canada, Mexico, Japan, Korea, Bali, Peru, Malang

☆ Goldman Sachs sues Malaysia as discord over 1MDB settlement escalates
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/ File Photo Acquire Licensing RightsOct 11 (Reuters) - Goldman Sachs Group (GS.N) is suing Malaysia in a UK court, a source familiar with the matter told Reuters, as tensions escalate over a settlement linked to its role in the 1MDB investment-fund scandal. The arbitration has been filed with the London Court of International Arbitration (LCIA), the source said. In 2020, Goldman Sachs had agreed to pay $3.9 billion to settle Malaysia's criminal probe over the U.S. investment bank's role in the multibillion-dollar 1MDB scandal. The United States has been returning funds it has recovered from seized assets that were allegedly bought with stolen 1MDB money.

Persons: Olivia Harris, Goldman Sachs, Najib Razak, Goldman, Samrhitha, Shinjini Organizations: Malaysia Development Berhad, Tun, Exchange, REUTERS, Goldman Sachs, London Court, International, Government, Reuters, Malaysian, Prosecutors, United, Bloomberg News, Thomson Locations: Malaysia, Kuala Lumpur, U.S, United States, Bengaluru

☆ What's causing the chronic haze across Southeast Asia?
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +4 min

Despite pleas by Malaysia this week not to "normalise" the haze, Indonesia has flatly denied any responsibility. Global consumption of palm oil, used in a wide range of products such as cookies, candles and as a cooking oil, is growing rapidly. Palm oil is the world's most used edible oil, accounting for 60% of global vegetable oil exports. For Indonesia, the world's biggest palm oil producer, the product is one of the biggest export earners after coal. Export earnings from palm oil and its derivatives stood at $39.28 billion in 2022, according to the Indonesian Palm Oil Association.

Persons: Siti Nurbaya Bakar, Ananda Teresia, Kate Lamb, Bernadette Christina, Naveen Thukral Organizations: of Southeast Asian Nations, Control, ACC, El, Greenpeace, Indonesian Palm Oil Association, Thomson Locations: JAKARTA, Southeast Asia, Indonesian, WHAT'S, Malaysia, Indonesia, Borneo, Singapore, Greenpeace Indonesia

☆ Explainer: What's causing the chronic haze across Southeast Asia?
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +4 min

Forest and peat fires are an annual problem in Indonesia that strains relations with neighboring countries. In recent years, smoke from the fires has blanketed parts of Indonesia, Singapore, Malaysia and southern Thailand. Hundreds of forest fires in South Kalimantan province in Borneo island made the smoke haze even more widespread, especially during the last week. The local government has also called the students to do online learning because the air quality is unhealthy. “We are still working to handle the forest and land fires in Borneo and Sumatra islands as well as possible.

Persons: Siti Nurbaya Bakar, shouldn't, Bakar Organizations: —, Indonesian, Forestry, Associated Press, Indonesia’s Meteorology, Agency Locations: JAKARTA, Indonesia, — Indonesia, Sumatra, Borneo, Malaysia, Singapore, Thailand, Indonesian, Malaysia’s, Kuala Lumpur, Kuching, IQAir, Swiss, South Sumatra, South Kalimantan, Central Kalimantan

☆ 'Haze Cannot Be the Norm': Malaysia Urges Indonesia to Take Action
▼ + stars: | 2023-10-05 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Danial AzharKUALA LUMPUR (Reuters) - Malaysia called on neighbour Indonesia and a grouping of Southeast Asian nations to take action as air quality worsens across the country due to fires in Indonesia, its environment minister told Reuters on Thursday. Air quality has hit unhealthy levels in several parts of Malaysia in recent days, with Kuala Lumpur blaming fires in Indonesia -- though Jakarta has denied detecting any smoke drifting over its borders into Malaysia. Fires that sent haze billowing across the region in 2015 and 2019 burned millions of hectares of land and produced record-breaking emissions, according to scientists. He called for joint action by the Association of Southeast Asian Nations (ASEAN) either through legislation or agreement to prevent the yearly haze. He said Malaysia was still "seriously" considering a law similar to Singapore that holds companies liable for air pollution.

Persons: Nik Nazmi Nik Ahmad, polluters, Danial Azhar, Kanupriya Kapoor Organizations: Azhar KUALA LUMPUR, Reuters, Association of Southeast Asian Nations, ASEAN Locations: Azhar KUALA, Malaysia, Indonesia, Kuala Lumpur, Jakarta, Indonesian, Malaysian, Singapore

☆ 'Haze cannot be the norm': Malaysia urges Indonesia to take action
▼ + stars: | 2023-10-05 | by ( Danial Azhar | ) www.reuters.com time to read: +2 min

KUALA LUMPUR, Oct 5 (Reuters) - Malaysia called on neighbour Indonesia and a grouping of Southeast Asian nations to take action as air quality worsens across the country due to fires in Indonesia, its environment minister told Reuters on Thursday. Air quality has hit unhealthy levels in several parts of Malaysia in recent days, with Kuala Lumpur blaming fires in Indonesia -- though Jakarta has denied detecting any smoke drifting over its borders into Malaysia. Fires that sent haze billowing across the region in 2015 and 2019 burned millions of hectares of land and produced record-breaking emissions, according to scientists. He called for joint action by the Association of Southeast Asian Nations (ASEAN) either through legislation or agreement to prevent the yearly haze. He said Malaysia was still "seriously" considering a law similar to Singapore that holds companies liable for air pollution.

Persons: Nik Nazmi Nik Ahmad, polluters, Danial Azhar, Kanupriya Kapoor Organizations: Association of Southeast Asian Nations, ASEAN, Thomson Locations: KUALA LUMPUR, Malaysia, Indonesia, Kuala Lumpur, Jakarta, Indonesian, Malaysian, Singapore

☆ ‘We are not in the business of ice cream’: Big Oil CEOs defend themselves against climate criticism
▼ + stars: | 2023-10-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Executives representing energy majors in the U.S., Europe and Asia speak during a CNBC-moderated panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates. "So, the debate has always been posed here, I'm reminded of an old saying: 'If you want to keep everyone happy, sell ice cream.' We are not in the business of ice cream — and I'm reminded, there are people who are lactose intolerant," Taufik said. "In mitigating climate change, there is also the opportunity to continue to produce oil for our energy security. Wael Sawan, chief executive officer of Shell Plc, speaks during a panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.

Persons: We've, Tengku Muhammad Taufik, I'm, Taufik, Vicki Hollub, Oxy, Hollub, Patrick Pouyanne, Pouyanne, Wael Sawan Organizations: CNBC, Abu, Abu Dhabi International Petroleum Exhibition, United, United Arab Emirates, Bloomberg, Getty Images, Monday, Big Oil, Amnesty, Petronas, Shell Plc, Getty Locations: U.S, Europe, Asia, Abu Dhabi, United Arab, Paris

☆ Unleashing a New Weapon on the Mosquito: A Mosquito
▼ + stars: | 2023-09-29 | by ( Stephanie Nolen | Eleanor Lutz | ) www.nytimes.com time to read: +17 min

Anggy Aldana working at the World Mosquito Program lab in Medellín, Colombia. Researchers found, after painstaking trial and error, that they could insert the bacteria into mosquito eggs using minute needles. How mosquito eggs are injected with Wolbachia A looping video showing a thin needle injecting fluid into a row of black mosquito eggs. How Wolbachia spreads among wild mosquitoes A series of three illustrations showing the outcomes of breeding between wild mosquitoes and mosquitoes infected with Wolbachia. Mosquito eggs and a tray of chilled mosquitoes at the World Mosquito Program lab.

Persons: Eleanor Lutz, Wolbachia, Scott O’Neill, —, O’Neill’s, Steven Sinkins, Marlon Victoria, ”, Victoria, “, O’Neill, It’s, Laura Harrington, They’re, won’t, ” Mr Organizations: Mosquito Program, Mosquito, Brazil —, FRANCE Croatia United, ARGENTINA CHILE Americas, CHILE Americas, University of Glasgow, —, Medellín Health, Colombian, Cornell University Locations: Medellín, Colombia, Cali, Honduras, Australia, Australian, Vietnam, Indonesia, France, Florida and Texas, Brazil, Americas, African, Asia, Europe, FRANCE Croatia United States PORTUGAL JAPAN CHINA Texas PAKISTAN Florida EGYPT INDIA MALI MEXICO PHILIPPINES SUDAN ETHIOPIA Colombia SOMALIA INDONESIA BRAZIL ANGOLA PERU NAMIBIA AUSTRALIA, AFRICA Africa, Oceania, ARGENTINA CHILE, FRANCE Croatia United States PORTUGAL JAPAN CHINA Texas Florida EGYPT, MEXICO MALI PHILIPPINES SUDAN Colombia SOMALIA INDONESIA BRAZIL ANGOLA PERU NAMIBIA AUSTRALIA ARGENTINA Africa, CHILE, Africa, United States, Kuala Lumpur, Malaysia, Wolbachia, Siloé, West Africa, Medellin

Asian Games - Hangzhou 2022 - E-Sports - China Hangzhou Esports Centre, Hangzhou, China - September 26, 2023 Players from Team China talk during the Arena of Valor Asian Games Version Final REUTERS/Ann Wang/File Photo Acquire Licensing RightsHANGZHOU, China Sept 26 (Reuters) - China won the first gold esports medal in Asian Games history in the Eastern Chinese city of Hangzhou on Tuesday by beating Malaysia in the smartphone multiplayer battle game “Arena of Valor”, to delight fans in the world’s biggest esports market. the Chinese players shouted in a huddle on the stage just before the match began, triggering another loud cheer from spectators, before taking their seats for the "Arena of Valor" final. Thailand earlier claimed the Games' first esports medal by beating Vietnam for the bronze. The market generated $445 million in 2022 or 64.8% of the Asian esports market and China boasts 400 million esports fans, also the highest number globally, according to data from leading Asian video game market analysts Niko Partners. "Esports players are not just sitting on the chair.

Persons: Ann Wang, Tapping, Jiang Tao, Xu Bicheng, esports, Yvonne Yu, “, Xi Jinping, Serkan Toto, Niko Partners, Wong Kang Woon, Malaysia's, Martin Quin Pollard, Xihao Jiang, Ian Ransom, Ken Ferris Organizations: China Hangzhou Esports, Team China, of Valor, Rights, Malaysia, “, Valor, Asian Games, HK, Games, China Media Group, Research, Kantan Games, Thomson Locations: Hangzhou, China Hangzhou, China Hangzhou Esports Centre, China, Rights HANGZHOU, Thailand, Vietnam

☆ Malaysia PM Says China Gave Reassurance After Map Stirred South China Sea Dispute
▼ + stars: | 2023-09-23 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

KUALA LUMPUR (Reuters) - Malaysia Prime Minister Anwar Ibrahim said China had given an assurance that it would continue to negotiate with Southeast Asian countries over disputed territorial claims in the South China Sea, and avoid actions that risked escalation. Malaysia and several other Southeast Asian countries have rejected the map. Anwar said Malaysia remained concerned over escalating tensions as China sought to assert its sovereignty claims over Taiwan, adding that both parties needed to avoid "unnecessary provocations" that can affect the region. He reiterated that Malaysia would not accept LGBTQ rights but said that the community should not be harassed, and he spoke out against his government's move to ban Swatch watches celebrating the Pride movement. "I wouldn't defend that actually, they were as you say, excesses, but... there is a consensus in the country, they do not accept (LGBTQ rights)," Anwar said.

Persons: Anwar Ibrahim, Anwar, Li Qiang, Li, Christiane Amanpour, Malaysia's, Swatch's, Rozanna Latiff, Simon Cameron, Moore Organizations: Reuters, Malaysia, CNN, Swatch Locations: KUALA LUMPUR, China, South China, Beijing, Malaysia, Taiwan

☆ Malaysia PM says China gave reassurance after map stirred South China Sea dispute
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

Malaysia's Prime Minister Anwar Ibrahim attends the 26th ASEAN-China Summit at the 43rd ASEAN Summit in Jakarta, Indonesia, on September 6, 2023. Malaysia and several other Southeast Asian countries have rejected the map. Anwar said Malaysia remained concerned over escalating tensions as China sought to assert its sovereignty claims over Taiwan, adding that both parties needed to avoid "unnecessary provocations" that can affect the region. Anwar also addressed doubts raised over his commitment to democratic reforms, after his government dropped corruption cases against key allies, filed sedition charges against opposition leaders, and increased scrutiny of Malaysia's LGBTQ community. "I wouldn't defend that actually, they were as you say, excesses, but... there is a consensus in the country, they do not accept (LGBTQ rights)," Anwar said.

Persons: Anwar Ibrahim, Yasuyoshi, Anwar, Li Qiang, Li, Christiane Amanpour, Malaysia's, Swatch's, Rozanna Latiff, Simon Cameron, Moore Organizations: Malaysia's, China, ASEAN Summit, Malaysia, CNN, Swatch, Thomson Locations: ASEAN, Jakarta, Indonesia, KUALA LUMPUR, China, South China, Beijing, Malaysia, Taiwan

☆ Chinese EV major BYD's partnerships in Southeast Asia
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Nick Carey/File Photo Acquire Licensing RightsSept 19 (Reuters) - Chinese electric vehicle frontrunner BYD (002594.SZ) has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates. Here are details about some of its regional partners: MALAYSIA & SINGAPOREBYD cars are sold by Sime Darby Motors, the automotive arm of Malaysian trading and logistics giant Sime Darby (SIME.KL), in two of the region's wealthiest countries. The partnership started in 2019 when Sime Darby Motors began distributing BYD EVs in Singapore, where it now has a dealership network of seven outlets. Sime Darby Motors took on the distributorship for Malaysia in 2022 and currently has nine dealerships nationwide, with another 12 in the pipeline, the company said. INDONESIAIndonesia's Bakrie & Brothers (BNBR.JK), which is focused on the manufacturing and infrastructure sector, is a distributor for BYD's EV buses in Southeast Asia's largest economy.

Persons: Nick Carey, Sime Darby, Darby, Sime Darby Motors, BYD, INDONESIA Indonesia's, Devjyot, Jamie Freed Organizations: REUTERS, MALAYSIA, SINGAPORE, Sime, Sime Darby Motors, THAILAND Rever, EV giant's, Siam Motors Group, PHILIPPINES AC Motors, Ayala Corp, BYD's, Thomson Locations: Farnborough, Britain, Southeast, Singapore, Malaysia, THAILAND, BYD, Thailand, PHILIPPINES, Philippines, INDONESIA, Asia's, Jakarta, VKTR, Bangkok

Seven years in, Country Garden has invested 20 billion ringgit ($4.3 billion) in the project, Forest City said, a far cry from the initial $100 billion plan. "Seeing is believing," Forest City said in an email response. "The land plot itself is valuable," a Singapore-based bondholder of Country Garden said, while highlighting the complications of dealing with a local government joint-venture. Last month, Malaysia's central bank said local banks had limited exposure to Country Garden amid concern about its financial stress. Anwar, Malaysia's prime minister, has designated Forest City a "special financial zone" to attract investment, which Forest City said would help with its marketing.

Persons: Foo Gee Jen, Anwar Ibrahim, Anwar, Malaysia's, Yang Ming Han, Loh, Loh Wee Loon, I'm, Xinghui Kok, Xie Yu, Anne Marie Roantree, Lincoln Organizations: ISKANDAR PUTERI, Garden, Forest, Malaysian, Reuters, Thomson Locations: KUALA LUMPUR, ISKANDAR, Malaysia, Garden's, City, Johor, Singapore, Forest City, Malaysian, Forest, Loh Wee, China, Johor Sultan, Iskandar Puteri, Kuala Lumpur, Yantoultra, Hong Kong

☆ AirAsia's operations to return to pre-pandemic level by Dec, says Capital A CEO
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

The logo of AirAsia under Capital A is seen displayed in this illustration picture taken March 7, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsSINGAPORE, Sept 11 (Reuters) - Capital A Berhad (CAPI.KL), parent of Malaysian budget airline AirAsia, expects to see the carrier's operations returning to pre-pandemic levels by December, Capital A CEO Tony Fernandes told Reuters on Monday. The target indicates a slight delay from his earlier forecast of putting all 204 of its fleet back in service by August. Fernandes did not elaborate on the delay, but said drivers for capacity growth included improving demand from migrating workforce, tourism, students and connecting travellers. Reporting by Yantoultra Ngui; Editing by Himani Sarkar and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Tony Fernandes, We'll, Fernandes, Yantoultra Ngui, Himani Sarkar, Muralikumar Organizations: AirAsia, REUTERS, Rights, Berhad, Malaysian, Capital, Reuters, Forbes Global, Thomson Locations: Capital, Rights SINGAPORE, Singapore

☆ Column: South Korea's Gwangyang is the new LME aluminium battleground
▼ + stars: | 2023-08-29 | by ( Andy Home | Thomson Reuters | Senior Metals Columnist Who Previously Covered Industrial Metals Markets For Metals Week | ) www.reuters.com time to read: +6 min

LONDON, Aug 29 (Reuters) - The South Korean port of Gwangyang has emerged as the new hub for storing London Metal Exchange (LME) aluminium. Another 54,000 metric tons of aluminium have arrived in the intervening week, promising more turns of the storage carousel. LME aluminium stocks at Gwangyang and Port KlangGWANGYANG GRABS THE SPOTLIGHTA total 198,125 metric tons of aluminium were warranted at LME warehouses in Gwangyang in the first quarter of this year, most of it arriving in four single-day clips. Gwangyang LME aluminium stocks, arrivals and drawdownsRUSSIAN METAL NOW DOMINATESThe competition to store LME aluminium during periods of weak demand is not new. The Gwangyang aluminium storage wars may just be starting.

Persons: Gwangyang, ISTIM, Henry Bath, Sharon Singleton Organizations: London Metal Exchange, Glencore, ISTIM, Pac Global Services, Reuters, Thomson Locations: Gwangyang, Malaysia's Port Klang, Port, Rotterdam, Busan, South Korea, Port Klang, Malaysian, Detroit, Vlissingen, ISTIM

☆ Opinion: Who the drone attacks on Russia are really aimed at
▼ + stars: | 2023-08-22 | by ( Sheena Mckenzie | Opinion Jade Mcglynn | ) edition.cnn.com time to read: +8 min

Jade McGlyn Jade McGlynIt is the latest in more than 140 suspected Ukrainian drone attacks directed against Russia and its occupying forces on Ukrainian territory this year, according to the BBC. Does that mean the drone attacks are strategically pointless? Investigators work near a damaged roof following a reported Ukrainian drone shot down in Moscow, Russia, on Friday, August 18. Unlike in Russia, Ukraine’s population is not passive or depoliticised, as shown by its heroic fight for its sovereignty. The drone attacks probably won’t turn Russians against the war.

Persons: Jade McGlynn, “, Read, McGlyn, Volodymyr Zelensky, arrogate, Wagner, Yevgeny Prigozhin’s, Igor Girkin, Shamil Zhumatov, pacifying, Vladimir Kara Murza, ”, Putin, Vladimir Putin, Sergei Shoigu, Valery Gerasimov Organizations: Center for Strategic, International Studies, CNN, Russia, BBC, Malaysia Airlines Flight, Kremlin, of Defence, Armed Forces, Twitter, Facebook Locations: Putin’s Russia, Russia, Ukrainian, Moscow, Ukraine, Russian

☆ Malaysia PM vows to recover Goldman Sachs 1MDB settlement, warns of possible lawsuits
▼ + stars: | 2023-08-21 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Nurphoto | Nurphoto | Getty ImagesMalaysia's Prime Minister Anwar Ibrahim has vowed to recover the money Malaysians are owed from the 1MDB money laundering scandal, and says he hasn't ruled out the possibility of a lawsuit against Goldman Sachs. Anwar said Malaysian agencies were still in talks with Goldman Sachs, though ongoing discussions are "a bit complex." Asked to comment on Anwar's interview, Goldman Sachs referred CNBC to its second quarter earnings statement. It remains to be seen what would come out of the standoff between Malaysia and Goldman Sachs. "No one can deny the fact that Goldman Sachs was used, and partly used the authorities," Anwar said in his interview.

Persons: Malaysia's, Anwar Ibrahim, Malaysia's King, hasn't, Goldman Sachs, Anwar, CNBC's Martin Soong, Goldman, Muhyiddin Yassin, I've, —, Mahathir Mohamad, Anwar Malaysia's, Anwar's Pakatan, Najib Razak, Muhyiddin, Islam that's Organizations: Nurphoto, Getty, Malaysia's, 1Malaysia, Malaysia, CNBC, of, Malaysian, Barisan Nasional, Barisan, Perikatan Nasional coalition, Islamic, Malay Locations: Kuala Lumpur, Putrajaya, Malaysia, Malaysian, Anwar Ibrahim Malaysia, U.S, of Malaysia, United States, Malay, Federal

☆ Malaysia and Indonesia should be able to complement each other, says Malaysia's Anwar Ibrahim
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMalaysia and Indonesia should be able to complement each other, says Malaysia's Anwar IbrahimAnwar Ibrahim, the prime minister of Malaysia, tells CNBC's Martin Soong as part of The CNBC Conversation, that his country and Indonesia should work together to complement each other — he said that has been the "spirit" of his conversations with Indonesia's President Joko Widodo, known commonly as Jokowi.

Persons: Malaysia's Anwar Ibrahim Anwar Ibrahim, CNBC's Martin Soong, Joko Widodo Organizations: Email Malaysia, CNBC Locations: Indonesia, Malaysia

☆ Private jet crashes into motorbike and car in Malaysia, kills 10
▼ + stars: | 2023-08-17 | by ( Hasnoor Hussain | ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Aug 17 (Reuters) - A small private jet crashed into a motorbike and a car while attempting to land at an airport in the outskirts of Malaysian capital Kuala Lumpur, leaving at least 10 people dead, officials said on Thursday. The aircraft lost contact with the air traffic control tower and crashed into a motorbike and a car on the highway, he said. "There was no emergency call, the aircraft had been given clearance to land," Hussein Omar said. The CAAM said the flight was operated by Jet Valet Sdn Bhd, a Malaysian private jet services company. Reporting by Mei Mei Chu and Hasnoor Hussain; Editing by Martin Petty and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Hussein Omar Khan, Hussein Omar, Sultan Abdul Aziz Shah, Norazman Mahmud, CAAM, Jet, Mei Mei Chu, Hasnoor Hussain, Martin Petty, Toby Chopra Organizations: Beechcraft, Subang Air Traffic, Jet, Reuters, Thomson Locations: KUALA LUMPUR, Malaysian, Kuala Lumpur, Elmina, Selangor, Langkawi, Subang

CNN —At least 10 people have died after a charter plane crashed onto an expressway north of Kuala Lumpur on Thursday. “First contact made by the aircraft with Subang Air Traffic Control Tower was at 2.47 p.m. [local time (2.47 a.m. At 2.51 p.m. local time, the “Control Tower observed smoke originating from the crash site but no mayday call was made by the aircraft,” the statement added. Eight people on board the plane were killed in the crash. Vincent Thian/APThe plane crashed into a car and a motorcycle, each carrying one individual, reported state newspaper Berita Harian, citing Selangor Police Head Hussein Omar Khan.

Persons: Sultan Abdul Aziz Shah, Vincent Thian, Harian, Hussein Omar Khan, Tengku Ampuan, ” Khan Organizations: CNN, Langkawi International Airport, Sultan Abdul Aziz Shah Airport, Civil Aviation Authority, Subang Air Traffic, Selangor Police, Tengku Ampuan Rahimah, Ministry, Transport, Malaysian Locations: Kuala Lumpur, Langkawi, Malaysia, Klang

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